Pioneer Power Solutions, Inc. (PPSI) in Fort Lee, N.J. designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions. The company operates in the Transmission & Distribution Solutions and Critical Power Solutions segments. It serves the utility, commercial, and backup power markets.
PPSI’s last reported quarter delivered a 72.4% year-over-year increase in revenue, but the company posted a $788,000 net loss, compared to $351,000 in net income in the year-ago period. In March, the company announced that it had received a second purchase order for its E-BOOST skid-mounted mobile EV charging solution. The new orders are expected to be revenue accretive, but the company is unlikely to turn a profit in the near term; analysts expect PPSI’s EPS to remain negative in fiscal 2022 and 2023.
